It's a recession when your neighbor loses his job; it's a depression when you lose yours.
A recession is when your neighbor loses his job. A depression is when you lose yours.
As sure as the spring will follow the winter, prosperity and economic growth will follow recession.
You cannot spend your way out of recession or borrow your way out of debt.
We face a far greater risk of psychological depression than of economic recession.
In an economic recession, naturally, when you ask people to list their priorities, they're going to place a higher priority on the immediate economic situation.
Because the world is in economic recession, which worsened since this drama happened, and our country will bear the burden of all of these consequences.
At a time of economic recession, the need for Medicaid and other safety net services is even greater. And we don't want to raise taxes on people who are having a tough time paying their bills.
The Nazi Party was, in the early 1920s, but one among many nationalist and volkisch radical political groups. It was catapulted to prominence with the onset of economic recession in the late 1920s... The Nazis owed their spectacular to a combination of two discrete sets of factors: first, their distinctive organisation and strategy; and secondly, the wider socio-economic conditions which created climates of opinion and sets of grievances on which the Nazis could prey.
The economic recession in America wasn’t caused by bad luck; it was caused by bad Republican policies. But the Republican candidates are doubling down on the same flawed policies that led to the loss of 3.6 million jobs in the final months of 2008 and gravely affected middle class families across America.
Private prison companies are now listed on the New York Stock exchange and are doing quite well in a time of economic recession (and depression in some communities). But that's just the tip of the iceberg.
The attacks on the World Trade Center and the current economic recession, which is particularly powerful in New York City, have put a number of building plans on hold for the time being.
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